London Labour council considers 150% tax hike

A London Labour-controlled council warns it may need to impose a 150% council tax increase to address significant funding cuts from the government. The council faces a potential shortfall of over half its funding due to a new "fair funding" review aimed at redistributing cash to areas hit hardest by austerity. This could result in an annual increase of about £29 for Band D households, impacting residents amid ongoing financial challenges.

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